SBCA Update – 2020 in Review
by Bartholomew Clark, SBCA President
While writing this update during the first week of 2021, I reflected upon 2020’s challenges, accomplishments, and lessons learned. The SBCA Board dealt with numerous challenges during 2020 beginning with Covid-19-related issues that involved possible reopening scenarios, communications with members to maintain perspective regarding their ongoing assessment obligations, cost-saving measures and other actions taken during the Bay Club closure, as well as tough decisions involving personnel and payroll. The Board also spent a tremendous amount of time dealing with violations of our CC&Rs, which involved levying fines and interest, incurring substantial legal fees, and ultimately filing a lawsuit and a property lien for noncompliance.
The Finance Committee and the Board had to take a deep dive into current and projected trends in SBCA finances, a matter of great concern to us all. Ongoing discussions will address threats to SBCA’s ability to establish and maintain positive cashflows in the short term while exploring possible opportunities to expand revenues in the long term.
This process has led us to contemplate a possible proposal to the membership for amendment of the Master Declaration vis-à-vis assessments on vacant lots. Related to this consideration is the need to improve our relationship with county government in order to have a working partner to aid in enhancing the outlook for future development within SBCA and Port Ludlow in general.
With regard to the day-to-day operations of SBCA, the Board and General Manager continue to field and respond to complaints from our members. It seems that our one-time $40 reduction in the quarterly assessment for January-March 2021 is simultaneously the most irresponsible and most wonderful decision made by the Board in 2020. Meanwhile, we continue to work on financing issues involving facility maintenance and “reserve” projects such as HVAC and lighting upgrades to improve electrical efficiency and reduce costs; these improvements are projected to pay for themselves within five to seven years.